Questor Technology (CVE:QST) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Questor Technology Inc. (CVE:QST)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.28 and traded as low as C$0.20. Questor Technology shares last traded at C$0.28, with a volume of 127,140 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Acumen Capital dropped their price target on Questor Technology from C$0.75 to C$0.55 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. ATB Cormark Capital Markets lowered Questor Technology from a “speculative buy” rating to a “sector perform” rating and reduced their price objective for the stock from C$0.60 to C$0.45 in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Questor Technology currently has an average rating of “Hold” and a consensus price target of C$0.50.

Questor Technology Stock Up 1.8%

The company has a market cap of C$7.92 million, a price-to-earnings ratio of -3.70 and a beta of -0.09. The company has a current ratio of 3.01, a quick ratio of 5.47 and a debt-to-equity ratio of 4.09. The business has a fifty day moving average price of C$0.28 and a two-hundred day moving average price of C$0.33.

Insider Buying and Selling

In related news, Director Paul Huizinga acquired 100,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of C$0.29 per share, with a total value of C$29,000.00. Following the completion of the transaction, the director owned 120,000 shares of the company’s stock, valued at approximately C$34,800. This trade represents a 500.00% increase in their position. Insiders have purchased 194,055 shares of company stock worth $53,729 over the last quarter. Insiders own 19.19% of the company’s stock.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.